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Economic Update
Gulf countries explore e-sports as part of diversification plans
Gulf countries explore e-sports as part of diversification plans
As Gulf countries implement plans to diversify their economies and create jobs, they are increasingly investing in the growing industry around competitive video games known as electronic sports (e-sports). In February the gaming unit of Saudi Arabia’s Public Investment Fund, Savvy Games Group, purchased a $265m stake in China’s Tencent Holdings-backed e-sports company VSPO, becoming its largest equity holder. Savvy Games Group also increased its share of Japanese gaming...
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Ismail Ersahin, Executive Director, World Association of Investment Promotion Agencies (WAIPA)
Ismail Ersahin, Executive Director, World Association of Investment Promotion Agencies (WAIPA)
On leveraging economic zones to bolster development
In what ways can special economic zones (SEZs) catalyse development in Africa?
ISMAIL ERSAHIN: SEZs serve to increase exports, create jobs and produce value-added products. Some investment promotion agencies also manage national SEZs. The most successful zones have adopted strategies linked...
Focus Report
Focus Report: How are Libya’s free zones incorporating ESG norms into their business practices?
Focus Report: How are Libya’s free zones incorporating ESG norms into their business practices?
Given the supply chain disruptions since the Covid-19 pandemic, investment in ports and free zones has become more crucial to the global economy and the resilience of trade. With transport one of the leading contributors of carbon emissions globally, ensuring new and existing infrastructure aligns with internationally established environmental, social and governance (ESG) principles is a growing focus. In Libya, entities such as Misurata Free Zone are working...
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How digital banking is transforming access to finance in Latin America and the Caribbean
How digital banking is transforming access to finance in Latin America and the Caribbean
Despite wider economic challenges such as inflation and supply chain disruptions, digital banks and neobanks are continuing to attract new customers and accelerate financial inclusion in Latin America and the Caribbean. Neobanks use apps, software and other technologies to operate exclusively through digital platforms. They are usually limited to bank accounts and cards because they often lack credit institution licences, while digital banks offer the full suite...
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Video: The Misurata Free Zone facilitates Libya’s economic expansion
Video: The Misurata Free Zone facilitates Libya’s economic expansion
This Growth & Recovery Outlook video highlights Libya’s Misurata Free Zone (MFZ), which is at the heart of the country’s economic expansion. Not only does the free zone connect Libya to landlocked countries like Chad and Niger, but it also handles much of the country’s incoming vessels and container traffic. As its importance to trade in Libya continues to grow, implementing the proper policies and oversight mechanisms at the MFZ will become increasingly...
Watch VideoRecent Highlights
Gulf countries explore e-sports as part of diversification plans
Read ArticleIsmail Ersahin, Executive Director, World Association of Investment Promotion Agencies (WAIPA)
Read ArticleFocus Report: How are Libya’s free zones incorporating ESG norms into their business practices?
Read ArticleHow digital banking is transforming access to finance in Latin America and the Caribbean
Read ArticleVideo: The Misurata Free Zone facilitates Libya’s economic expansion
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